Overview and Scope
The discrete semiconductors refer to components with complex integrated circuits and designed to perform elementary electronic functions. Discrete semiconductors are specially designed to perform a small electronic function, and they cannot be divided into individual components and work independently. It is utilized for high power and frequency operations such as communication, electronics, manufacturing, and others. Discrete semiconductors include igbts, mosfets, thyristors, diodes, rectifiers, and others.
Sizing and Forecast
The discrete semiconductors market size has grown rapidly in recent years. It will grow from <b>$35.96 billion in 2023 to $40.55 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. </b> The growth in the historic period can be attributed to electronics and semiconductor industry growth, growing consumer electronics demand, automotive electronics expansion, energy, efficiency and green technologies, and defense and aerospace applications.
The discrete semiconductors market size is expected to see rapid growth in the next few years. It will grow to <b>$65.32 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. </b> The growth in the forecast period can be attributed to aerospace and space exploration, quantum computing developments, environmental sustainability and green semiconductors, global supply chain dynamics, and increasing demand for electronics. Major trends in the forecast period include industrial automation and iot, technological advancements, research and development investments, edge computing and edge devices, and medical electronics and healthcare technologies.
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Segmentation & Regional Insights
The discrete semiconductors market covered in this report is segmented –
1) By Type: MOSFET, IGBT, Bipolar Transistor, Thyristor, Rectifier, Other Types
2) By Component: Memory Devices, Logic Devices, Discrete Power Devices, Other Components
3) By Industry: Consumer Electronics, Communication, Automotive, Industrial, Other Indust
<b>Asia-Pacific</b> was the largest region in the discrete semiconductors market in 2023, and it is expected to be the fastest-growing region in the forecast period. The regions covered in the discrete semiconductors market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rapid growth in the automotive industry and the rise in the demand for MOSFETs and IGBTs in electronics and automobiles are expected to propel the growth of the discrete semiconductors market. An insulated-gate bipolar transistor (IGBT) is an integral component in the EV (electric vehicle) power electronics system. As people become more aware of environmental pollution and the need to improve vehicle efficiency, hybrid and electric vehicles are becoming more popular and contributing to growth in demand for discrete semiconductors. For instance, according to the International Energy Agency (IEA), a French-based autonomous intergovernmental organization, 6.6 million plug-in vehicles were sold in 2021, more than double the 3 million sold in 2020, and more than triple the 2.2 million sold in 2019. Therefore, the rapid growth in the automotive industry and the rise in the demand for MOSFETs and IGBTs in electronics and automobiles are expected to propel the growth of the discrete semiconductors market.
Key Industry Players
Major companies operating in the discrete semiconductors market include <b> Infineon Technologies AG, Semiconductor Components Industries LLC, Toshiba Electronic Devices & Storage Corporation, NXP Semiconductors NV, Eaton Corporation PLC., STMicroelectronics NV, Mitsubishi Electric Corp., Fuji Electric Corp., Renesas Electronics Corporation, ROHM Co. Ltd., Cree Inc., Littelfuse Inc., United Silicon Carbide Inc., Nexperia BV, Diodes Incorporated, Vishay Intertechnology Inc., Hitachi Ltd., Texas Instruments, Intel Corporation, Samsung Electronics, Nvidia Inc., AMI Semiconductor, Advanced Semiconductor Engineering SA, Dynex Semiconductor Ltd., Elkem ASA, Anshi Semiconductor, Microchip Technology, Qorvo Inc., Semtech Corporation, IXYS Corporation, Fairchild Semiconductor, Central Semiconductor Corp., Semikron International GmbH, Sanken Electric Co. Ltd., Nihon Inter Electronics Corporation, Taiwan Semiconductor Manufacturing Company Ltd. </b>
The discrete semiconductors market report table of contents includes:
1. Executive Summary
2. Discrete Semiconductors Market Characteristics
3. Discrete Semiconductors Market Trends And Strategies
4. Discrete Semiconductors Market – Macro Economic Scenario
5. Global Discrete Semiconductors Market Size and Growth
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26. South America Discrete Semiconductors Market
27. Brazil Discrete Semiconductors Market
28. Middle East Discrete Semiconductors Market
29. Africa Discrete Semiconductors Market
30. Discrete Semiconductors Market Competitive Landscape And Company Profiles
Top Major Players:
- Infineon Technologies AG
- Semiconductor Components Industries LLC
- Toshiba Electronic Devices & Storage Corporation
- NXP Semiconductors NV
- Eaton Corporation PLC
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